Is that a big jump? We believe they will. That is the wrong question. The pockets of wealth come into play.
The rest of this article will lay out what the road ahead might look like for Bitcoin to take its necessary role in this macroeconomic landscape. Can be sold or traded for debt reduction. By the 2018 year end, the total world wealth was estimated to be 317 trillion. Now the road becomes narrower, bumpier with many twists, turns, and switchbacks. He refers to this line as phase one of the hyper wave. At that level, Bitcoin would provide a sufficient reserve to alleviate the world debt burden. With that in mind, here are some of the most flamboyant. Others have even gone so far as to say that bitcoin could eventually replace gold as the financial "safe haven" or become a major reserve currency. I'm not saying that bitcoin is necessarily in a bubble, but an asset skyrockets in value, people tend to jump in, creating buying pressure and pushing the price even higher. What is not clear is what steps will then be taken. Thirdly, regulators, not only in the.S. According to the World Gold Council, the total world gold supply is approximately.5 trillion.